Financial and Banking News
REGIONAL BANKING
Saudi Arabia Sets up Insurance Company
A new joint-stock company - the National Company for Cooperative Insurance - has recently been set up by royal decree in Saudi Arabia with an initial capital of SR500mn ($139.6mn). The company, which is owned by the Public Investment Fund, the Pension Fund and the General Organization for Social Insurance, will provide insurance cover for large-scale projects in the public and private sector in...
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